FGV HOLDINGS BERHAD | AUDITED FINANCIAL STATEMENTS 2023 83 NOTES TO THE FINANCIAL STATEMENTS FOR THE FINANCIAL YEAR ENDED 31 DECEMBER 2023 7 OTHER OPERATING INCOME Group Company 2023 RM’000 2022 RM’000 2023 RM’000 2022 RM’000 Rental income 6,682 7,198 402 295 Compensation on land reclamation 2,141 11,910 - - Gain on disposal of property, plant and equipment, (net) 5,142 2,156 - 96 Gain on disposal of assets held for sale 8,381 - - - Realisation of foreign exchange reserve upon liquidation of a subsidiary - 1,881 - - Gain on liquidation of a subsidiary 786 - - - Dividend income from financial assets at fair value through other comprehensive income 3,258 7,046 - - Income from sale of scrap 12,705 11,421 - - Income from sludge oil 8,097 9,915 - - Income from penalty charges 2,468 62 - - Insurance reimbursement 9,679 1,830 - - Roundtable Sustainable Palm Oil (“RSPO”) premium income 1,663 1,683 - - Foreign currency exchange gains 16,051 25,531 7,007 5,088 Income from electricity supply in relation to biomass project 15,993 16,475 - - Reversal of impairment on asset held for sale - 15,100 - - Reversal of provision for asset retirement - 10,116 - - Reversal of impairment on contract assets 521 - - - Other operating income 27,627 30,459 2,490 6,347 121,194 152,783 9,899 11,826 8 (REVERSAL OF IMPAIRMENT)/IMPAIRMENT OF FINANCIAL ASSETS (NET) Group Company 2023 RM’000 2022 RM’000 2023 RM’000 2022 RM’000 (Reversal of impairment)/impairment loss of receivables (net) (2,733) 13,443 - - Reversal of impairment on amounts due from ultimate holding company (net) (3,366) (8,553) - - (Reversal of impairment)/impairment loss on amounts due from other related companies (8,272) 12,751 1,287 - Reversal of impairment on amount due from a joint venture (3,251) - - - (Reversal of impairment)/impairment loss on amounts due from subsidiaries (net) - - (4,088) 29,110 (17,622) 17,641 (2,801) 29,110
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